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Bitcoin Catches Bid, Jumping Above $112K as Gold and Silver Plunge
Yahoo Finance·2025-10-21 23:13

Bitcoin (BTC) is catching a bid on Tuesday as the record rally in precious metals reverses in a big way. Gold saw a 5% decline to $4,130, its biggest daily drawdown in years. Silver also tumbled nearly 8%. The metals had surged over the past few months fueled by central banks moving into monetary easing mode, trade tensions between the U.S. and China, and signs of liquidity and credit stress in the financial system. Frustratingly to bitcoin bulls, though, those catalysts had provided little boost to the w ...